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Icahn files suit against AmTrust over ‘unfair’ shareholder vote

2018-05-21T16:48:00+01:00

Activist investor Carl Icahn has filed a lawsuit against AmTrust and its owners - the Karfunkel/ Zyskind family - over the shareholder vote on the company’s $13.50 per share take private deal, alleging that the price “undervalues the company and is happening at the wrong price and at the wrong ...

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Political risk underwriter White joins Castel Specialty platform

2018-05-21T08:26:00+01:00

Former ANV/AmTrust political risk underwriter Tom White has joined MGA Castel’s Specialty platform to launch his own book under the company’s banner.

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AmTrust’s go-private deal in doubt as Icahn reveals $242mn bet on the firm

2018-05-18T08:19:00+01:00

Activist investor Carl Icahn has thrown into doubt the future of a proposed $2.7bn deal by AmTrust’s CEO and his in-laws to take the firm private as he revealed a 9.4 percent holding in the firm.

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Catastrophes hit MS&AD bottom line

2018-05-18T13:08:00+01:00

Japanese (re)insurer MS&AD has posted a profit of 211.5bn yen ($1.91bn) in its full year results.

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SSL Endeavour to ‘strike while the iron is hot’ with M&A

2018-05-18T15:22:00+01:00

The newly-formed SSL Endeavour will waste no time in lining up acquisitions to grow the business, the chief executive of Endeavour, David Lawrence has said.

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PE interest in London brokers blooms again despite challenges

JC Flowers’ acquisition of niche London market brokers SSL and Endeavour marks a growing trend of private equity firms purchasing stakes in distributors, with a particular flurry of activity sweeping the London market.

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Berkshire Hathaway’s return to insurance profit outshines equity loss

It is never nice to post a $6.2bn loss in your equity portfolio in one quarter - least of all when you are Berkshire Hathaway, the company famous for its stock picking boss - but that load looks a little lighter when your (re)insurance operations return to profitability and it ...

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Reinsurers fail to secure meaningful Florida rate hikes

Talk of meaningful reinsurance rate hikes for Florida business appear to have resulted in very little actual movement in price as details of the key 1.6 renewal start to emerge.

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Trademark victories for common sense

It’s not often that the little guy gets to win in this world.

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How Insurtech Will Accelerate The Social And Economic Impact Of Insurers

The following article is brought to you by Digital Insurance Agenda (DIA) founders Roger Perevelli and Reggy de Feniks in the run up to the DIA Amsterdam InsurTech conference on 16 and 17 May.

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Lloyd’s and Innovation Alchemy

Innovation is a tricky business. Despite what the buzzword bandits would have you believe, it is extraordinarily difficult to impose innovation - and the attitudes associated with it - on a given environment.